Honeywell Flour Posts Marginal Profit Growth on High Financing Cost
The jump of 64 per cent in financing cost affected the profitability of Honeywell Flour Mills Plc (HFMP) for the year ended March 31, 2018. Although the company recorded a growth of 34 per cent in revenue, it ended the year with a marginal growth of 2.8 per cent in profit after tax. However, the